Shares rose 4.6% on operational progress and improved cost efficiency at Lost Creek, alongside the commencement of initial mining at Shirley Basin, signaling market optimism about production ramp-up and growth execution.

• Lost Creek resin capture increased 41% quarter-over-quarter to 110,000 pounds, and finished inventory grew 14% to over 417,000 pounds.
• Average cash cost per pound sold fell 13% sequentially to $37.5, including taxes, improving cost competitiveness.
• Sold 55,000 pounds in Q1 in line with delivery commitments; sales price averaged $71 per pound, up 12% from Q4 2025 under new contracts.
• Shirley Basin began initial mining operations, with production infrastructure substantially complete and resin shipments to Lost Creek expected to start in summer.
• Exploration and development advanced at Wyoming ISR projects, with technical reports and drilling campaigns planned to support pipeline growth.